The Elemon airdrop was a short-lived event back in September 2021. It’s been over for years, but understanding it gives you a clear picture of how early blockchain gaming projects tried to build communities. This article breaks down exactly what happened, what Elemon is, and where things stand today.
What was the Elemon x CoinMarketCap airdrop?
From September 24 to 28, 2021, Elemon ran a five-day airdrop campaign in partnership with CoinMarketCap. This was one of their first major promotional efforts to get people interested in their platform. Participants could claim free ELMON tokens just by completing simple tasks like following Elemon on Twitter or joining their Discord. The goal was simple: grow their user base quickly by giving away tokens to early supporters. But here’s the thing-this airdrop is completely over. No new participants can join. If you missed those five days in 2021, you won’t get tokens from this campaign now.
What is Elemon?
Elemon is a blockchain gaming platform built around digital monsters. It’s inspired by a fictional world called Elematris, where players collect, train, and battle NFT-based creatures. Unlike traditional crypto games that demand hours of daily play, Elemon calls itself an "IDLE RPG." That means you set up your monsters to earn rewards passively. You don’t need to grind constantly. Just log in occasionally to check progress. This design targets people who want gaming benefits without the time commitment. Think of it like a digital pet game where your pets earn tokens while you’re at work or sleeping.
Behind the scenes, Elemon uses NFT technology to let players truly own their monsters. These aren’t just in-game items; they’re real blockchain assets you can trade or sell. The platform also includes an IDLE RPG system where monsters automatically earn ELMON tokens through gameplay. Players can use these tokens to upgrade monsters, buy new ones, or trade them on exchanges. Elemon’s whole pitch is "simple, creative, and enjoyable" gaming with financial upside-no complex mechanics required.
Current status of ELMON token
Today, ELMON trades at about $0.000710 on CoinMarketCap and $0.000677 on Binance. That’s down over 99% from its all-time high of $3.322508 in 2021. Even worse, both exchanges show $0 in 24-hour trading volume. No one’s buying or selling ELMON right now. But CoinMarketCap still lists 37,930 holders. That means people still have the tokens, but they’re not moving. This lack of trading activity makes it impossible to buy or sell ELMON on major exchanges.
| Metric | All-Time High | Current Value (Feb 2026) | Change |
|---|---|---|---|
| Price | $3.322508 | $0.000710 (CoinMarketCap) | -99.98% |
| 24h Volume | N/A | $0 | -100% |
| Circulating Supply | 644.9 million | 644.9 million | 0% |
| Market Cap | $1.4B (estimated) | $449,840 | -99.97% |
For context, ELMON has a total supply of 2 billion tokens. Right now, about 644.9 million are in circulation. That’s roughly a third of the total. But with zero trading volume, the market cap is tiny compared to its peak. The token’s ranking on CoinMarketCap is #2571, and Binance lists it at #2577. These low rankings show how little attention ELMON gets today compared to other cryptocurrencies.
Why does this matter?
The Elemon airdrop is a perfect example of how early GameFi projects tried to grow quickly. They partnered with CoinMarketCap to get exposure, gave away tokens for free, and hoped users would stick around. But many projects like this fail to maintain interest after the initial hype. Zero trading volume is a red flag. It usually means the token isn’t listed on major exchanges anymore, or there’s no demand for it. Even though Elemon still has holders, those tokens are essentially stuck. You can’t sell them because no one’s buying.
This case teaches us a few things. First, airdrops can build a user base fast, but they don’t guarantee long-term success. Second, token value depends entirely on real-world demand. If no one wants to trade it, the price collapses. Third, GameFi projects need more than just a cool concept. They need active communities, regular updates, and clear utility for their tokens. Elemon’s current state shows what happens when those pieces fall apart.
Frequently Asked Questions
Can I still join the Elemon x CoinMarketCap airdrop?
No. The airdrop ran from September 24 to 28, 2021, and ended five years ago. There’s no way to claim ELMON tokens from this campaign today. Any website or social media post claiming to offer "current" ELMON airdrops is likely a scam.
Is ELMON still tradable on exchanges?
No. Both CoinMarketCap and Binance report $0 in 24-hour trading volume for ELMON. This means no active trading pairs exist. Even if you hold ELMON tokens in your wallet, you can’t sell them because there’s no market demand. The token is effectively illiquid.
Does Elemon still operate as a game?
It’s unclear. Elemon’s website and social media have been quiet since 2022. There are no recent updates, new features, or active community discussions. While the platform might still run in the background, there’s no evidence of ongoing development or player activity. Without token liquidity or updates, the game likely isn’t functional for new users.
Why did ELMON’s value crash so hard?
Three main reasons: First, the airdrop distributed tokens to many users, but few kept them long-term. Second, the token had no real utility beyond the initial hype. Third, zero trading volume means no market interest. When demand drops to zero, prices collapse. ELMON’s all-time high of $3.32 was likely driven by speculation, not actual use. Once the hype faded, the price crashed.
Should I buy ELMON tokens today?
Absolutely not. With $0 trading volume, there’s no way to sell ELMON if you buy it. The token has no active market, so purchasing it would be throwing money away. Even if you find a seller, there’s no guarantee you could resell it later. This isn’t a risky investment-it’s a dead asset.
